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OCC Bulletin 2015-29
June 15, 2015
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Chief Executive Officers of All National Banks and Federal Savings Associations, Department and Division Heads, All Examining Personnel, and Other Interested Parties
The Office of the Comptroller of the Currency (OCC) issued today the "Residential Real Estate Lending" booklet of the Comptroller's Handbook. This revised booklet replaces the "Real Estate Loans" booklet issued in March 1990 (and examination procedures issued in March 1998). The revised booklet also replaces section 212, "One- to Four-Family Residential Real Estate Lending," issued in February 2011 as part of the former Office of Thrift Supervision (OTS) Examination Handbook for the examination of federal savings associations (FSA).
The revised booklet incorporates and reflects applicable national bank and federal savings association statutes and regulations, guidance, and examination procedures. The booklet also provides updated guidance to examiners on assessing and managing the risks associated with residential real estate (RRE) lending activities.
This Comptroller's Handbook booklet is intended to be a summary restatement of existing laws, regulations, and policies. Examiners and members of the public may use this booklet as reference for an overview of this subject. Nothing in this booklet should be interpreted as changing existing OCC policy.
The "Residential Real Estate Lending" booklet applies to examinations of OCC-supervised institutions engaged in RRE lending activities.
The revised booklet
For further information, contact David R. Henry, Credit Risk Division, at (202) 649-5866.
Jennifer C. Kelly
Senior Deputy Comptroller and Chief National Bank Examiner